TODAY IS MONTHLY WEEKLY QUATERLY CLOSE MOMENTUM ON UPSIDE IF SUSTAINS ABOVE 8610 FOR 8675 BULLISH ONLY ABOVE 8710 TILL THEN ALL RALLY WIIL BE SOLD IF SUPPORT OF 8540 BROKEN THEN SLIDE UPTO 8475 POSSIBLE PLAYING WITH STRICT/SMALL SL VERY DIFFICULT AS PER GANN 8555 TOUCHED .. 8456-8555-8646-8729 EXPECTING RANGE BOUND DAY
Hi Guys, If roasted peanuts are not your favorite snack, Get samosa n chai.. relax for the day. I guess Nifty is going to range for the day and the direction of Nifty will be decided based on RBI outcome. This time we have Monetary Policy Committe ( 6-member panel) discussing what to do with Interest rate n whats best for Economy. Actually, when Urjit patel...
Well, I don't get better title than that :) So we have 3 scenario's for the day in Nifty. (i) Bearish Bat (15 mins) if completed - potential short trade on Nifty. Will be over by today or 2mrw. (ii) Bearish Crab the pink leg - If NIfty decides to move up expect crab completion and down move. (iii) If Retest of upper resistance zone happens look for trades based...
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
Hi Guys, Its time already to post for Nifty but I'm still typing the content here, Sorry for the delay. Today we got 3 points to discuss, (i) Nifty analysis (ii) Farmer's who Trade (iii) Corporate News events & how they hustle your money ! (i) Nifty analysis : Actually I expected Nifty to move in channel shown above but it gapped up. Anyway, being...
The simplest Elliot wave count & its potential corrective waves are shown in the above Nifty chart. The corrective waves(abc) just started, so it may or may not happen, we will findout soon what Nifty thinks. Before going into today;s analysis, Yesterday's Cypher was still valid, it neither hit My stops or Targets. So what we can expect today ? (i) There is...
Hi Guys ! Yes, going against the trend is catching the falling knife, but if you have the skills, there won't be any fear. From the Nifty chart we can clearly see that there is cypher within Gartley. I expect the cypher to give Gapup open today. If the cypher fails & support is also broken, we do have another potential Gartley completion around 8620's. Those...
Hi Guys, Just two simple scenario's in Nifty, so the details in the chart repeats : I see two scenario's or potential formation for long/short trade setups. (i) If Market opens Gap Down, Nifty can find support in the zone below 8800's n bounce back (ii) If Market moves up & gives bearish reversal around 8880's we can enter short (iii) Breaking any of the...
So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's -...
Howdy Everyone, I'm biased today !!! From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but...
I think I should post My analysis by 8.45 am or earlier, Daily when I'm writing up description pre-market happens and then I need to include premarket scenario's too. Need to work on My Morning Schedule ! By yesterday evening, in the last post, I have updated about Double bottom and as result of it we had this Gap Up opening in Nifty. Don't worry Guys, this is...
one can start adding long with sl support are 8750-8700-8540 must close above 8770 for upmove
Hello Good Morning Friends ! Cheer Up... Yes, we do have some trade opportunities in Nifty today. Remember yesterdays Bull flag on 5mins, it appears as rectangular pattern on 15 mins, so if a Gap Up or Nifty open in zone with rectangular breakout to upside will give us real good chance of grabbing 20 points in Nifty till the resistance zone 8840's. Actually, if...
Hi Friends, I gave enough descriptions for the Nifty in chart itself, if any doubts, leave a comment below I will get back to you ! Now I wanna address something important... This post gonna generate lot of heat, I guess. If it doesn't, I believe we are matured enough to accept criticism / feedback and constanly trying to improve. Below are few points which I had...
Hi Friends, I have left the above Nifty chart without proper description on purpose. Just take a look at the chart, if you can understand why those lines are drawn, its fine. If you don't then also its perfectly fine. But whats not fine was,taking trade decisions without knowing what those lines where.Do you think complex systems are better than simple trading...
Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty. I'm looking at few rules I have, (i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone (ii) Resistance zone - Yes (iii) Fib extension confirmation - Yes Waiting for Bearish price action confirmation to...